For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties available this year is about 15% below where it was last year and the numbers of new listings is down by about 20. But the real news on the East Side of Santa Barbara is that escrows are down by 46% with sales off slightly more at 48%. With sales down by almost half the average sales price has declined about 14% currently standing at about $775,000.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of properties available is almost exactly where it was last year at this time but the numbers of new listings that came on the market this year is down by about 13%. The numbers of properties that went into escrow is down about 17% with the numbers of sales down by 21%. The average sales price however is down by about 7% currently showing up at approximately $1.3 million.
There’s not a whole lot of activity in the PUD market on the East Side of Santa Barbara Real Estate but last year there were 6 listings and this year there have been 12. The new listings are also last year from 5 last year to 7 this year. The best news is that escrows this year up from 1 last year to 5 this year and sales are up from 1 to 3. But the average sales price is down from $1,050,000 last year to $950,000 this year for a 9% decline.